Why Fast-Growing Companies Turn to NetSuite to Meet Expansion Needs

You've heard people reference the phrase "right fit." Whether it's something being the right fit or not being the right fit, it signifies being in need of something that's just right and has everything one might need. For instance, a company might let go of an employee because they weren't the "right fit" for the company's values. Well, the phrase "right fit" applies to many aspects of the business world, especially when it comes to the expansion of growing businesses.

As businesses expand, there are typically various technologies and applications that need to be purchased separately. For example, you may have one particular software that handles inventory management, but then you need two more different types of software where one handles accounting and the other handles customer relationship management (CRM).

Utilizing multiple software programs for various business operations are siloed, unorganized, and worst of all, disconnected… it's complete chaos… The disconnection is one of the biggest causes of inaccurate visibility, which is a direct link to lost revenue. According to entrepreneur.com, businesses have lost 20% to 30% in revenue from inefficiencies alone.

The article further states that businesses that don't have the most up-to-date insights and real-time data are more likely to make bad business decisions. So when it comes to a business expanding, there are some important considerations to think about when choosing a new cloud-based ERP system.

There are lots of products on the market to choose from but NetSuite is the leader in helping growing businesses manage core business operations and processes with a single, fully integrated system. It really is the full package, allowing you to handle everything from CRM and e-commerce to inventory management and financials.

Because NetSuite has everything you need for expansion, there are experienced NetSuite consultants available to provide consulting and implementation services throughout your expansion process. They will be able to help you understand the software and processes which will then allow you to train your team on its processes to enhance your business' growth globally.

This is important because you don't want your business to fall apart if you decide to go on a vacation or need a day off… Staff development is very important for that reason alone and if your business is going to grow, you're going to need your staff to grow with it as well. Here's why so many fast-growing companies turn to NetSuite to meet its expansion needs.

NetSuite is an All-In-One Solution

When you first started your business, the software you had was sufficient enough… it got the job done, for the most part. But as your business started to grow and pick up the pace, you quickly realize that the software you currently have isn't going to meet your expansion needs and could actually hold your business back from growth.

What's a growing business owner to do? Turn to NetSuite. NetSuite is an all-in-one solution to meet the needs of growing businesses. No longer will you have to purchase this application to handle this task and another application to handle that task… NetSuite is a complete solution for an entire business.

Not only will you have everything you need to effectively and efficiently manage all your business' operations and key functions, but you'll also be able to get an overall view of how well your business is performing, giving you a real-time projection of growth.

Cost-Effective Investment

As a growing company, the business owner is going to be very cautious about the new enterprise software they invest in. They don't have the time or money to be wasted and that is the very reason why businesses turn to NetSuite. NetSuite is the affordable solution to meet business expansion needs.

Where a lot of the costs come in with traditional ERP systems is with the internal servers but because NetSuite is cloud-based, there is no need for business owners to shell out extra cash for hardware, let alone investing in an in-house IT team. The best part is that with NetSuite, it can take a few months to implement, whereas, with traditional ERP systems, it can take as long as an entire year, making NetSuite very cost-effective.

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Conclusion

It doesn't matter what industry your business is in, if you own a business that is rapidly growing and you're looking to expand, you're going to need a system that is designed and engineered for scalability and growth.

To have a smooth expansion process, businesses turn to NetSuite to streamline all their business processes and key functions without the hassle of siloed applications. NetSuite has everything you need in one place.